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Bharat Forge reports 36% rise in Q3 net profit

13 Feb 2019 Evaluate

Bharat Forge has reported results for third quarter ended December 31, 2018.

The company has reported 35.79% rise in its net profit at Rs 309.83 crore for the quarter under review as compared to Rs 228.17 crore for the same quarter in the previous year. Total income of the company increased by 23.21% at Rs 1740.37 crore for Q3FY19 as compared Rs 1412.47 crore for the corresponding quarter previous year.

Bharat Forge is engaged in manufacturing of close die and open die forging, crankshafts, front axle beams, steering knuckle, connecting rods, rocker arm and many more components.

Peers
Company Name CMP
Bharat Forge 1874.00
Ramkrishna Forgings 687.95
MM Forgings 597.00
Happy Forgings 2078.50
Balu Forge Inds. 498.45
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